In December of 2018, Emerald Creek Capital provided $2,000,000 bridge loan in the town of Hempstead, NY. The loan is secured by the subject property, a two-story plus basement mixed-use building with 25,000 square feet of net rentable area. The building is currently configured as 16,500 square feet of retail space on the first and below-grade levels, and 8,500 square feet of office space on the second floor. Hempstead is a popular residential location outside of Manhattan in western Long Island, and is home to Hofstra University. The subject property benefits from its location on a well-trafficked commercial corridor and is easily accessible by the Long Island Railroad.
For more information, please contact:
Mark Bahiri, Managing Partner